Ahhh my favorite post as of late. Good job TM, should post this a few times a day til Friday. However I'm thinking you will be adding a lot of material to this throughout the week. Hint hint.
I see an intangible in PHOT getting successfully through the vote - IF they use their 'bank' of A/S sparingly and, as you mentioned, in wise applications, this can be EVEN MORE of a PLUS in eyes of holders and speculative investors as time goes on. It will serve to build a reputation. Call it a free PR that 'keeps on giving'.
this is a good time for predictions as phot stock is back in barely chartered pps territory, I noticed you pointed out that the pos may continue to climb, ultimately I think so too, but I'm becoming slighlty more confident each day that phot stock may shoot up initially